Short Course in Intermediate Microeconomics with Calculus

ISBN-10: 1107623766
ISBN-13: 9781107623767
Edition: 2012
List price: $39.99 Buy it from $36.62
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Description: This book provides a concise treatment of the core concepts of microeconomic theory at the intermediate level with calculus integrated into the text. The authors, Roberto Serrano and Allan M. Feldman, start with consumer theory and then discuss  More...

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Book details

List price: $39.99
Copyright year: 2012
Publisher: Cambridge University Press
Publication date: 11/26/2012
Binding: Paperback
Pages: 394
Size: 7.00" wide x 10.00" long x 1.00" tall
Weight: 1.848
Language: English

This book provides a concise treatment of the core concepts of microeconomic theory at the intermediate level with calculus integrated into the text. The authors, Roberto Serrano and Allan M. Feldman, start with consumer theory and then discuss preferences and utility, budget constraints, the consumer's optimal choice, demand, and the consumer's choices about labor and savings. They next turn to welfare economics: When is one policy better for society than another? Following are chapters presenting the theory of the firm and profit maximization in several alternative and partial equilibrium models of competitive markets, monopoly markets, and duopoly markets. The authors then provide general equilibrium models of exchange and production and analyze market failures created by externalities, public goods, and asymmetric information. Finally, they offer introductory treatments of decision theory under uncertainty and game theory. Graphic analysis is presented where necessary but distractions are avoided.

Roberto Serrano is Harrison S. Kravis University Professor at Brown University, Rhode Island, and Research Associate at the Madrid Institute for Advanced Studies, Spain. He has contributed to different areas in microeconomic theory and game theory and his research has been published in leading journals including Econometrica, the Journal of Political Economy, the Review of Economic Studies, the Journal of Economic Theory, Games and Economic Behavior and the SIAM Review. He has received prestigious fellowships and prizes, including the Alfred P. Sloan Foundation Fellowship in 1988 and the Fundaci#243;n Banco Herrero Prize in 2004, awarded to the best Spanish economist under forty. He is managing editor of Economics Letters and the associate editor of the International Journal of Game Theory and Mathematical Social Sciences. At Brown, he was director of graduate studies from 2006 to 2012 and has served as economics department chair since 2010.

Allan M. Feldman is Professor Emeritus of Economics at Brown University. His research has appeared in the Review of Economic Studies, Econometrica, the American Economic Review, Public Choice, the Journal of Economic Theory, the American Law and Economics Review and other journals. He is co-author (with Roberto Serrano) of Welfare Economics and Social Choice Theory, 2nd edition (2006). Professor Feldman taught economics at Brown University for thirty-eight years, including the intermediate microeconomics course. He was director of undergraduate studies in the Economics Department at Brown for nearly fifteen years.

Preface
Introduction
Preferences and utility
The budget constraint and the consumer's optimal choice
Demand functions
Supply functions for labor and savings
Welfare economics i: the one-person case
Welfare economics ii: the many-person case
Theory of the firm i: the single-input model
Theory of the firm ii: the long run, multiple-input, single-output model
Theory of the firm iii: the short run, multiple-input, single-output model
Perfectly competitive markets
Monopoly and monopolistic competition
Duopoly
Game theory
An exchange economy
A production economy
Externalities
Public goods
Uncertainty and expected utility
Uncertainty and asymmetric information

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